2299 Elmwood Ave APT 1, Kenmore, NY 14217

For sale is a 12-unit apartment building on Elmwood Ave In Kenmore. Property consists of 8 studio apartments lower and 4 very large 2-BR apartments upper. All units are leased and the property and the units have had significant recent improvements: Exterior refaced including paint, vinyl soffits, can lighting, self closing exterior doors, windows, rear emergency door, parking lot sealed and striped, roof silver sealed - all 2017&2018 Interior stairwell and main hall new paint, flooring, trim, can lighting on motion sensors (energy savings) 1 2BR Unit completely remodeled, 4 studios completely remodeled. Total of 8 new refrigerators and 6 ovens included in rent (and in sale) All utilities included in leases Room to increase 5 unit rents NOI ~$63,000 Asking Price $829,500 CAP 7.6% Appx ROI 13.55%